MSc Islamic Banking and Finance

The MSc in Islamic Banking and Finance at the University of Dundee gives students a comprehensive understanding of Islamic finance principles and their application in the global financial system. This curriculum, developed in conjunction with Al-Maktoum College, investigates the ethical and practical elements of Islamic banking, financial markets, and risk management.

You will learn about Shari'ah-compliant financial operations, the differences between Islamic and conventional finance, and how to manage current industry difficulties. The course also includes an optional internship, which provides hands-on exposure in Islamic finance organisations.

The University of Dundee is a pioneering establishment that prioritises the student experience while maintaining a high standard of academic performance. With innovative courses and practical research opportunities Dundee, which is ranked fourth in Scotland for graduate prospects by the Complete University Guide 2023, equips students for successful employment.

From state-of-the-art technology to creative workshops and sports facilities, the university's campus is a lively and welcoming place. Dundee is a lively coastal city that offers the right mix of natural beauty and urban convenience, making it a great place to live, learn, and develop.

As part of your application, you must provide a CV outlining your academic and professional experience, an academic or professional reference, and a personal statement expressing your interest in the course and career ambitions. If you have already graduated, you will need to present original transcripts and degree certificates. 

The institution considers candidates with sufficient professional experience, even if they do not meet standard academic criteria. If you fail to meet the regular academic or English language criteria, the university provides pre-sessional English courses and paths through the International College Dundee.

Grade Requirements

Typically candidates must have a UK Lower Second-Class Honours (2:2) degree or its equivalent in any field that has helped them enhance their analytical and quantitative skills.

English Proficiency

Non-native English speakers must have an IELTS score of 6.0 overall, with at least 5.5 in each component.

Tuition fees for UK students are £10,500 per year (2025/26), whereas international students pay £23,000 per year. Additional charges, such as textbooks and graduation fees, may apply.

The University of Dundee offers scholarships for postgraduate students, including the Postgraduate Merit Scholarship, which is awarded to exceptional students based on academic performance. 

The International Excellence Scholarship is available to outstanding applicants from outside the United Kingdom, providing support for talented individuals pursuing their studies. Additionally, Country-Specific Scholarships are offered to students from certain locations.

MSc Islamic Banking and Finance graduates are well-prepared for professions such as these:

• Islamic Banking Specialist

• Financial Analyst

• Risk Manager

• Shari’ah Compliance Officer

• Financial Consultant

To apply for this course, you’ll need to go through UCAS. To find out more about this process, speak to one of our trained counsellors.